Wednesday 07/23/14

U.S. spot ethanol values edged higher in most of the nation's key trade hubs after new federal data showed ethanol stocks declined despite a surge in production to a five-week high last week.

"The fact that you have production at high levels and are not building inventory -- that is somewhat supportive," commented Jerrod Kitt, strategist for the Linn Group in Chicago.

Ethanol production increased 16,000 bpd or 2.0% to 959,000 bpd, the Energy Information Administration reported this morning. U.S. ethanol inventories decreased 5,000 bbl to a four-week low of 17.94 million bbl during the week-ended July 18.

Prompt ethanol at Chicago was pegged up 2.0 cents at $2.15 per gallon while New York Harbor was up 1.0 cent at $2.24 per gallon.

Mon Feb 23, 2015 07:08 PM CSTTrade in nearby and deferred ethanol futures has turned lower over the last couple of weeks with traders backing away from the idea that growing driving demand will help to solidify the recently weak market.

Tue Feb 17, 2015 04:31 PM CSTEthanol futures have become much more stable through the first half of February as traders continue to focus on the potential to set the stage for what could become a more stable and narrowly traded price range.